For those not familiar with QUAKE LIVE, it’s a browser-based (and totally free) version of Quake III Arena. As announced in a press release today, QUAKE LIVE will have a huge presence at QuakeCon 2009 — with tournaments for amateurs and pros alike with a total of $50,000 in prize money.

To read all the details about the touraments, check out the press release. For on the official rules, requirements, prize money distribution, pool of arenas and additional information, please go to www.quakecon.org.